[WSBAPT] Chase Bank requiring court order to set up testamentary trust account?

[Diane J. Kiepe]

The Letters of Testamentary with the ID number should be all that is required – period.  The LT are like a court order telling a 3rd party to follow your directions.  You gave them the Will – Have your pr just withdraw/close the account and take the money and set up a new trust account elsewhere.  This is such a pet peeve of mine!


Diane J. Kiepe

Diane J. Kiepe
Douglas Eden
717 W. Sprague Ave.
Suite 1500
Spokane, WA  99201
djkiepe at depdslaw.com<mailto:djkiepe at depdslaw.com>
509-455-5300



From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Josh Grant
Sent: Thursday, September 26, 2019 1:49 PM
To: wsbar trust <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Chase Bank requiring court order to set up testamentary trust account?

My client is a surviving spouse and PR or her husband’s estate.  The LW&T provides that H’s assets go in to a testamentary trust with W as Trustee. W gets all income and whatever she needs during her life. We have about $20,000 in an estate account and we are ready to close the estate.  We have supplied tax I.D. # for the trust and copy of the will.  Local bank people says they checked with legal department and we have to get a court order because it is a Testamentary Trust.

Anyone agree with the bank? If so what kind of order?
If disagree, Anyone know someone at or a direct line to the legal department at Chase? or have a copy of a nasty=gram I can use?
thanks

Joshua F. Grant
[advocates]
P. O. Box 619
Wilbur, WA 99185
509 647 5578
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